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20121201
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. that is one of two binding constraints on our economy. >> eliot: before jeff i give him his moment, the reason i disagree is there are trillions of dollars of capital signature on the sidelines not being allocated and not being allocated for a host of reasons primarily a demand crisis and the government given the deficit, spends it. in consumption and its own investment, that seems to me to be the trigger we need to get the economy going. jeff, tell me why you disagree with me or ed. >> i do agree with you eliot. the proof of the pudding is the fact that we did cut tax rates on the rich in the early 2000s under president bush. they're the job creators, the investors, we got a bad economic recovery in expansion. virtually no job creation in that period. the reason is by in large what you're talking about. cutting tax on the rich is not the way to get growth. especially when taxes are already low. the way to get growth now is that we need more demand stimulus and the real danger is all this talk about cutting govern
Search Results 0 to 1 of about 2 (some duplicates have been removed)

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